Users carrying out cryptocurrency transactions using their own wallets must comply with the same requirements as clients when making such transactions between cryptocurrency exchanges. This was stated by representatives of the Financial Crimes Network (FinCEN) of the United States Treasury Department. Thus, in the event that a user withdraws digital assets to his own wallet from a centralized site, he will need to provide personal information in order to verify his identity, and the platform, in turn, will have to store this information for some time.
In the proposal, the department puts special emphasis on identifying users who carry out transactions exceeding $ 3,000. If the amount of the transaction turns out to be more than 10 thousand dollars, then the exchanges will have to notify FinCEN about this. At the moment, the regulator is asking the public to take part in an exchange of views on this issue, which will last until January 4.
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